Getting Your Foot In The Door Of The Financial Department

Some people want a career change but that doesn’t necessarily mean they want to leave the industry they have worked in. Other people want a career and profession change, to start anew. If you’re someone who wants to have both options open to you, there is an easy way to get to where you want to be. Businesses want to hold onto talent, no matter where they are working. It's difficult enough to entice talent away from competitors, but retaining them is also quite challenging. Thankfully, there are certain departments that will always exist in any business in any industry. The financial department is one of them. If you love to work with money, are great at complex mathematics, or just want to be involved in the financial side of the company you work for, then here are the best options.

Internal in-house training

Many companies like to operate their own way. There are indeed standards and regulations that are set for industries, but how and when, is left up to the businesses. That’s why your first option is to speak with your supervisor or send a letter of request to your manager. The financial department is not as competitive as marketing or sales, but it is just as vigorous in its candidate selection process as any other department. Therefore, before you send a request to be moved or trained for working in the financial department, you need to be sure you have a good chance of passing the tests.

Does the company you work for have an internal training process? Check first before you speak with your higher-ups. Many businesses are comfortable with financial companies coming in to train their employees. So before you make a request to be transferred from your current department, find out if this is true in your case. If so, do some research on the financial company that does the training. Find out what their curriculum, tests and training program is like. They may state on their website, what textbooks or material they use to test employees. Get a head start and ready your mind for what entails, before informing your manager of your desire.

Go the educated route

Some financial professionals don’t have any sort of background that would lead you to believe they are an accountant, financial planner, advisor, or tax professional. However, many others do and they are more likely to be placed in managerial or more important roles, right off the bat. The University of Nevada Reno offers an accounting course which covers most of the contemporary financial issues. Many businesses and firms wish for their candidates to have the ability to express complex models, charts, graphs, and ideas. You must also possess superior organizational skills as accountants often have to work on a wide range of documents, reports, presentations as well as with a multitude of different clients. You’ll learn how to become more detail-oriented and look at any financial situation with a knack for spotting holes and potential hazards. Some things need to be taught as a long lineage of academic study and real-world experience merged together, offer the best lessons to learn.

Self-teaching new skills

With a plethora of knowledge online, both free and requiring payment, you can teach yourself at home. There are lots of different books to read, for the various financial professions. If you wish to become a financial advisor, read any of the following books.

‘Storyselling for Financial Advisors’ by Scott West and Mitch Anthony
‘Questions Great Financial Advisors Ask’ by Alan Parisse and David Richman
 ‘No Excuses! The Power of Self-Discipline’ by Brian Tracey

If you wish to become a financial planner, read these books to get started.

‘Start With Why?’ by Simon Sinek
‘The Gen-Savvy Financial Advisor’ by Cam Marston
The Power of Habit’ by Charles Duhigg

Whatever kind of financial profession you want to have, there are plenty of books written by experts or current professionals in those fields. Once you have had an introduction into the particular profession and you know what entails, you will be in a much better place to make a decision whether you want to pursue a career in this area. Almost all of these books are on Kindle, Google Books, Audible, and more. It will take time, but eventually, you will feel comfortable to take an online course, to test the waters and see how much knowledge you have acquired.

The financial industry is very versatile and plays a pivotal role in the economy. There are many high-paying jobs in this particular sector, but it does require a sharp mathematical and analytical mind to be successful. 


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